Fibonacci Retracements Analysis
Fibonacci retracements are actively used by investors, when they study how impulses are formed and try to find levels of possible trend corrections. As a result, they may have some additional information on possible direction of the currency market movement in the future.
30.04.2019
Fibonacci Retracements Analysis 30.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, after breaking the previous low, EURUSD has started a short-term pullback.
29.04.2019
Fibonacci Retracements Analysis 29.04.2019 (GOLD, USDCHF)
In the H4 chart, USDCHF is trading upwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0247 and 1.0306 respectively.
25.04.2019
Fibonacci Retracements Analysis 25.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the divergence made AUDUSD start a new downtrend.
24.04.2019
Fibonacci Retracements Analysis 24.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after being corrected to the upside by 76.0%, EURJPY is trading downwards.
23.04.2019
Fibonacci Retracements Analysis 23.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the short-term pullback is about to finish and EURUSD is trying to start a new descending impulse.
22.04.2019
Fibonacci Retracements Analysis 22.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is forming a new descending impulse, which has already reached the retracement of 50.0%.
18.04.2019
Fibonacci Retracements Analysis 18.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is trading upwards; it has already tested the retracement of 61.8%.
17.04.2019
Fibonacci Retracements Analysis 17.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, the downtrend continues; GBPUSD is forming a narrowing consolidation range and testing the retracement of 38.2%.